PH’s total rice stocks improve in April
Philippine Statistics Authority (PSA) said that as of April, the country’s total rice stocks inventory was estimated at 2.6 million metric tons (MT), 20.5 percent above the previous year’s record of 2.2 million MT and 18.4 percent higher than previous month’s level of 2.2 million MT.
This, as the government’s stocks surged during the period on the back of intensified local palay procurement.
Relative to previous year’s inventory level, households stocks displayed a decrease of 14.4 percent. Nevertheless, both stocks in commercial warehouses and National Food Authority (NFA) depositories noted a substantial increase of 10.2 percent and 4,609.3 percent, respectively.
With reference to the previous month, the existing stocks in all sectors were higher than the last month’s level. Stocks in the households, commercial warehouses and NFA depositories showed increments of 13.9 percent, 25.8 percent and 17.1 percent, respectively.
Of this month’s total rice stock inventory, around 44.8 percent were in the households, 33.3 percent were in commercial warehouses, and 21.9 percent in NFA depositories.